Watch List notes:

TIMURID: Sultan Mahmud, 1469-1495/2nd reign, AR tanka (4.86g), NM, ND, A-2455, countermarked 'adl sultan mahmud ghazi on largely obliterated host, lovely VF mark, R, ex Ruud Schüttenhelm collection. With 2 later countermarks of Sultan Husayn, A-2438 of Herat and A-2439, also of Herat.

Estimate: 100-120 USD